Belt conveyors have been used in a wide range of applications because in comparison to the alternative solutions represented by the rail or road transportation, their operation is typically more cost effective, with lower energy demands and the possibility of utilizing renewable energy sources, and during their operation, less noise and air pollution is produced. The presented article is focused on pipe belt conveyors that are even more sustainable and in harmony with the environment, especially considering transportation of fine and dusty materials. More specifically, pipe belt conveyors have the possibility of utilizing microwires as a sensing element for microwire-based sensors for the pipe belt conveyor diagnostics from a mechanical loading point of view. This is because during the enclosing of the pipe conveyor belt, periodical cyclical mechanical loading is applied due to the bending. From the results of the performed set of FEM (Finite Element Method) analyses of the glass-coated magnetic microwires, it can be concluded that during the selection process of the microwires, emphasis should be directed the thickness of the glass coating, which can affect the lifetime of the microwire significantly. The microwire length has negligible influence on the estimated number of bending cycles until the damage or crack occurs.