Light source system and projection equipment

The utility model relates to the technical field of display, and discloses a light source system and projection device.The light source system comprises a light source, a light splitting element, a reflecting element, a light beam shaping assembly, a wavelength conversion element and a light uniformizing element, and the wavelength conversion element comprises a reflecting area and a wavelength conversion area; wherein a light beam generated by the light source enters the wavelength conversion element after passing through the light splitting element and the light beam shaping assembly; when light beams generated by the light source enter the wavelength conversion area, the wavelength conversion area is excited by the light beams generated by the light source to generate excited light beams, and the excited light beams are reflected to the light splitting element and enter the dodging element through the light splitting element for dodging; when a light beam generated by the light source enters the reflecting