Thermocapillary convection is an important research subject in microgravity fluid physics. The experimental study on surface waves of thermocapillary convection in an annular liquid pool is one of the 19 scientific experimental projects on the SJ-10 recoverable satellite. Presented is a design for a payload for space experimental study on thermocapillary convection that includes the experimental model, measurement system, and control system. The specifics for the construction of an experimental model of an annular liquid pool with variable volume ratios is provided. The fluid temperatures are recorded by six thermocouples with a high sensitivity of 0.05 °C at different points. The temperature distributions on the liquid free surface are captured by means of an infrared thermal camera. The free surface deformation is detected by a displacement sensor with a high accuracy of 1 µm. The experimental process is fully automated. The research is focused on thermocapillary oscillation phenomena on the liquid-free surface and convective pattern transitions through analyses of experimental data and images. This research will be helpful to understand the mechanism of thermocapillary convection and will offer further insights into the nonlinear characteristics, flow instability, and bifurcation transitions of thermocapillary convection.