From the perspective of saving energy of marine species and creating feeding areas, the wake volume of an artificial reef (AR) should be considered as a parameter in any wake region estimation. Wake regions of AR modules (reef ball, cylinder reef, and cube reef) and sets were numerically estimated considering tropical seawater temperatures and water flow variation in Vietnamese coastal waters. In addition, we considered an efficiency index (i.e., total wake volume per reef volume) and wake volume diagram (i.e., wake volume dependency on water flow direction) to characterize wake volumes. From the results, first, it was found that the effect of temperature on the wake volumes was minor in comparison with the effect of flow direction. It was also found that the optimum installation angles were 30° (reef ball and its set), 30° (cylinder reef and its set), and 0° (cube and its set) along the major flow direction. Second, it was found that the cylinder reef and its set were attractive because they generated the maximum wake volumes, regardless of seawater temperature. Thus, the module and set showed better average efficiency indices (9.28 for module and 6.81 for set) than the other cases. We found that the wake volume was dominant in the efficiency index and, accordingly, wake volume diagrams are sufficient to indicate the dependence on flow direction.