This thesis analyzes the factors which lead to the failure of equipment,the type of the failures and the reliability of the equipment.The distribution functions(such as exponential distribution and Weibuill distribution) of the failures are discussed and the reliability of equipment is estimated.Meanwhile,the methods of identifying the types of failures and the degree of the reliability of equipment are described by an actual example.The Failure Distribution and reliability of ZW-17/29 Series Air Compressors in use are obtained.It provides the ways to plan the technical and maintenance management of the equipment.