The invention discloses vacuum type yarn steaming forming equipment which mainly comprises a box, a water ring vacuum pump, a box door and a water tank. A water level meter and a heating pipe are arranged in the water tank. A water inlet pipe and a water outlet pipe are arranged on the lateral wall of the box. A suction pipe is arranged in the box. A filter cover is disposed on the suction pipe. A pressure gauge and a surface temperature meter are further disposed on the surface of the top end of the box. The invention further provides an application method of the vacuum type yarn steaming forming equipment. The method includes: sequentially performing preheating, vacuumizing, heating, standing thermal insulation, secondary vacuumizing, heating and thermal insulation on the box. The vacuum type yarn steaming forming equipment has the advantages that the equipment is simple in structure, low in manufacturing cost, low in energy consumption, high in controllability and good in thermal insulation performance, water inlet amount, humidity and temperature change can be well adjusted, mildew and off-shade of the yarn processed by the equipment are avoided, yarn damage is avoided, condensing spots are avoided, processing time is short, yarn weight loss is compensated, and yarn quality is improved.