Yes, water is considered a dielectric material, but it’s important to clarify that it is a
polar dielectric material. This means that water molecules have a positive charge on one side (the hydrogen side) and a negative charge on the other side (the oxygen side). In the presence of an electric field, these polar molecules align themselves with the field, which allows water to store electric energy.
However, water isn’t a perfect dielectric. Its dielectric constant (or relative permittivity) is relatively high compared to many other materials. For pure water at room temperature, the dielectric constant is around 80, which is quite high, but it decreases as the frequency of the electric field increases. That’s why water is often used in capacitors or in situations where high dielectric constants are needed.
One thing to note is that pure water is a better dielectric than tap water, which contains various dissolved ions that can conduct electricity. So while water can act as a dielectric, it isn't always as effective in real-world situations where impurities are present.