This paper is concerned with the development of a model-order reduction (MOR) approach for the acceleration of a source-sweep analysis using the volume electric field integral equation (EFIE) formulation. In particular, we address the prohibitive computational burden associated with the repeated solution of the two-dimensional electromagnetic wave scattering problem for source-sweep analysis. The method described within is a variant of the Krylov subspace approach to MOR, that captures at an early stage of the iteration the essential features of the original system. As such these approaches are capable of creating very accurate low-order models. Numerical examples are provided that demonstrate the speed-up achieved by utilising these MOR approaches when compared against a method of moments (MoM) solution accelerated by use of the Fast Fourier Transform (FFT).