Contactless inductive power transfer system with conventional inductive technology was studied and a design method was presented after applying it to ultrasonic vibration machining systems. The compensation techniques are used for piezoelectricity transducer. Nodal plane support of transducer is researched and models of different structures for nodal plane support are got. Influence of rotary precision for different support due to centrifugal force and displacement vibration of nodal plane support to toolholder are analyzed. The system integrated with ultrasonic-vibration toolholder based on contactless inductive power transfer is designed. Power transfer and dynamic tests show that the design procedures and result based on theoretical analysis are comparative.