The utility model discloses an oil injection bolt compressor heat exchange and waste heat reuse device, relating to an air compression heat exchange device, which is composed of a heat exchanger, a heat preservation water tank, a cold circulating water pipe, a heat circulating water pipe, a water inlet pipe, a water outlet pipe, a water pump and a valve, a temperature controller and a control circuit; wherein the cold circulating water pipe and the heat circulating water pipe are arranged between the heat preservation water tank and the heat exchange device, while the heat preservation water tank is also provided with a cold water inlet pipe and a hot water outlet pipe. The utility model not only effectively finishes the heat dispersion and cooling problem of the compressor heat exchange, but also properly and skillfully uses the waste heat of the compressor to supply living hot water, truly serving two ends. Moreover, the utility model has the advantages of reasonable and simple structure and energy saving and environmental protection, thus a beneficial design deserving promotion.