Hybrid water-stabilized plasma (WSP-H) torches provide high-enthalpy plasma which may be utilized for high-throughput and yet economical spraying of coatings from powders, suspensions, and solutions. It was previously demonstrated that microstructures and functional properties of the WSP-H coatings may be tailored to a wide extent for new applications, namely those requiring high coating thickness and/or coating of large components. In this study, applicability potential of WSP-H technology for spraying of novel thermal barrier coatings (TBCs) is demonstrated. WSP-H technology was used for spraying of yttria-stabilized zirconia (YSZ) top-coats from powder, suspension, and solution. Yttria content in the top-coat feedstock was 7-8 wt.%. In addition, gadolinium zirconate (Gd2Zr2O7-GZO) was sprayed from suspension for comparison. NiCrAlY bond-coat was also deposited by WSP-H, and Hastelloy-X alloy was used as substrate material. Microstructure, phase composition, and endurance of the deposited coatings in thermal cycling fatigue (TCF) test and during high-temperature short-term annealing were evaluated. All coatings showed excellent high-temperature stability and TCF resistance withstanding more than 650 cycles, surpassing some of the currently commercially used TBCs. Lifetime of the TBC with columnar top-coat deposited from YSZ suspension exceeded even more than 900 cycles.