In order to monitor the state of bushing online, an intelligent monitoring system for transformer bushing was developed. A four‐in‐one sensor integrating hydrogen sensing technology using palladium nickel alloy, pressure sensing technology, wide range temperature sensing, and micro water measurement technology was developed. A three‐in‐one integrated sensor based on micro current detection technology was developed to realize online monitoring of bushing dielectric loss, capacitance, and partial discharge. The test results show the hydrogen measurement range of sensor is 0 to 10,000 μL/L, and the measurement uncertainty is lower than 10% or 10 μL/L. The pressure measurement range is 0 to 1.0 MPa, and the uncertainty is lower than 0.3%. The temperature measurement range is −40°C to 85°C, and the uncertainty is lower than ± 1°C. The micro water measurement range is 0 to 1000 μL/L, and the measurement uncertainty is lower than ± 5% or 10 μL/L. The dielectric loss and capacitance error increased by one order of magnitude compared to current standards. The resolution of partial discharge is 5 pC. The performance of the device fully satisfies the requirements for online monitoring of transformer bushing. It has been installed in dozens of 330 and 750 kV substations, providing a reliable guarantee for safe operation of transformer bushing.